Michelin completes the acquisition of Sascar

Michelin has completed the acquisition of all outstanding shares of Brazil’s leading fleet management and freight security company, Sascar. Sascar already manages 33,000 fleets and 190,000 trucks in Brazil, and the acquisition will enable Michelin to expand its offering in the fleet management business and to speed the growth of its truck tyre business in Brazil, while providing Sascar access to major customers in South America through Michelin’s distribution network.
September 3, 2014 Read time: 1 min

7794 Michelin has completed the acquisition of all outstanding shares of Brazil’s leading fleet management and freight security company, Sascar.

7793 Sascar already manages 33,000 fleets and 190,000 trucks in Brazil, and the acquisition will enable Michelin to expand its offering in the fleet management business and to speed the growth of its truck tyre business in Brazil, while providing Sascar access to major customers in South America through Michelin’s distribution network.

Location Based Systems

For more information on companies in this article

Related Content

  • Fast-growing fleet management systems market show no sign of slowing
    July 18, 2016
    According to a new research report from M2M/IoT analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was 5.8 million in Q4-2015. Growing at a compound annual growth rate (CAGR) of 17.0 per cent, this number is expected to reach 12.7 million by 2020. In Latin America, the number of active fleet management systems is expected to increase from 2.3 million in Q4-2015, growing at a CAGR of 12.8 percent to reach 4.1 million in 2020. The
    Read More
  • Inrix expands into Brazil
    June 6, 2012
    Inrix, a leading provider of traffic information and driver services announced an exclusive partnership with MapLink, a leading provider of traffic and location-based services in Brazil. “Traffic congestion is one of Brazil’s biggest problems because the country’s infrastructure has not kept pace with its rapid economic growth,” said Inrix senior VP of business development Kush Parikh. “It’s come to a point where gridlock on the country’s roads is stalling further economic growth at a time when they can lea
    Read More
  • Mediamobile partners with TomTom on Germany’s first digital radio traffic service
    July 29, 2013
    German motorists can look forward to receiving traffic information over a data channel with 400 times the capacity of traditional RDS-TMC services, thanks to a partnership between Mediamobile and TomTom on the first nationwide traffic service to be broadcast over Germany’s digital radio network, Mediamobile’s V-Traffic Premium DAB. TomTom will provide the traffic content for the V-Traffic service, which is regarded as important in establishing digital radio as a new traffic data delivery channel for the aut
    Read More
  • Antaira Technologies expands South America operations
    October 31, 2016
    Industrial device networking and communication solutions specialist Antaira Technologies has expanded its presence in the South America region with a new partner, Simantec Automation, in Brazil. US-based Simantec Automation, an official distributor partner of Antaira, recently expanded its branch offices in Brazil, in order to provide local industrial device networking support and services to industrial markets. Its addition to Antaira’s list of distributors will help Antaira provide solutions for the gr
    Read More

Highlighted Content